Bitcoin

On Thursday, the fiat-to-crypto onramp business Moonpay announced a multi-year partnership with the non-fungible token (NFT) marketplace Looksrare. According to the deal, Looksrare will allow marketplace users to buy and sell crypto assets through Moonpay’s services.

Moonpay and Looksrare Join Forces to Streamline NFT Transactions

Moonpay, the fiat-to-crypto service founded in 2019, revealed that it has entered into a partnership with the NFT market, Looksrare. Launched in August 2022, Looksrare was one of the first NFT marketplaces to actively reward traders with its own token, LOOKS. According to dappradar.com statistics on February 9, 2023, since its inception, the NFT market Looksrare has recorded $1.7 billion in sales.

According to an announcement sent to Bitcoin.com News, Moonpay is introducing an NFT checkout integration with Looksrare that allows anyone to buy NFTs with a credit card. “Checkout will be available for all primary and secondary sales on Looksrare,” according to the Moonpay announcement. “With the NFT checkout integration, Looksrare users will be able to easily purchase an NFT using a debit or credit card, eliminating the need to acquire cryptocurrency first.”

“We’re excited to become an exclusive partner to Looksrare and offer their users more opportunities to buy and sell their cryptocurrency,” Oliver Jeffcott, the senior business development manager at Moonpay said in a statement on Thursday. “From day one, we’ve wanted Moonpay to be a platform that increases access and usability for the Web3 community and this partnership is another step in driving that vision,” Jeffcott added.

NFTs have experienced a resurgence in 2023 and over the past 30 days, $1.067 billion in sales have been recorded among 342,452 NFT buyers. Looksrare, in terms of all-time sales, is just below Opensea, but it has faced increased competition since the launch of X2Y2 and Blur. Blur has recorded $1.19 billion in all-time NFT sales to date, and X2Y2 has seen $1.11 billion in sales since its inception.

Tags in this story
ACCESS, All-time sales, Blur, buy, Buyers, competition, Credit Card, crypto assets, dappradar.com, debit, Exclusive, Fiat to crypto, LOOKS token, looksrare, Marketplace, Moonpay, Moonpay Looksrare, nft, NFT checkout integration, NFT sales, NFTs, Non-fungible Token, Opensea, partnership, platform, Resurgence, reward traders, sales, Sales NFTs, sell, senior business development manager, Statistics, usability, vision, Web3 community, X2Y2

What do you think about Moonpay and Looksrare partnering? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Articles You May Like

Even Apple cannot explain why we need AI in our lives
Neither politicians nor the public think straight on immigration
Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund
Less meat on menus and fewer new venues: how the Olympics is trying to go green
How the wrong chaps took charge of British politics